Dear Sir,
Kindly explain the AMC Charges for SAP SOFTWARE CONTRACT, TDS coverd under proessional rate or contract rate?
regards
M.Raghavan
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TDS RATE FOR AMC CHARGES
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AMC CHARGES ARE SUBJECT TO TDS U/S 194C.
RATE OF DEDCUTION
INDIVIDUAL / HUF @ 1%
FIRM / CO. @ 2%
WITHOUT PAN @ 20%
THRESHOLD LIMIT
SINGLE BILL - RS. 30000
AGGREGATE BILL - RS. 75000 P.A
REGARDS,
DEVENDRA
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